Friday, July 24, 2009

Updates, Phoenix Arizona and much more...

Hello everyone. I haven't updated my blog in a while so I thought I would give my readers and friends a short update on my current activities. As many of you are aware the housing market has literally flipped over. So I thought it was a good time to make an investment in the central Phoenix area. I like the area because it is 1) diverse, 2) young productive people live there, 3) undervalued, 4) new facilities like Phoenix Light Rail system. So this blog will inevitably be more Phoenix centric from here on in, but you can also expect the typical quality of writing you've seen here in the past. I'm also working on a small project with some people around here, I will explain in more detail if it develops.

Last month has been quite an adventure, driving around the state of Arizona looking for a good living situation. South East Arizona is particularly nice in terms of natural settings, but the Phoenix area had more to offer from a commercial and cultural perspective. Also the relative values were far lower. A plot of land outside of Bisbee was a comparable price to that of a fully functional home in walking distance of the Phoenix city center. It's hard to say whats going to happen next in the markets (I believe drastic inflation), but for me it was a good buy because I enjoy Arizona and now I can live here inexpensively and pursue the wide range of intellectual interests that I have.

As for Phoenix itself, I think it is an American city with many possibilities. Although it has been around for a very long time, it really did not begin to develop until the 60s. I would guess this might have had something to do with the development of modern A/C technology. It has recently gained the honor of being America's 5th largest city. It has a good university system with excellent research efforts. It has just begun to seriously develop municipal services such as a light rail system. In addition, it is only an hour away from some of the most breathtaking nature this country has to offer. Its greatest deficiency is its job market, but that is not a hard problem to remedy- It just takes a critical mass of voters and those young professionals are moving here.






Thanks for following everyone, and stay tuned!

3 comments:

Anonymous said...

I was wondering what happened to you. (Ron from NYLUG, Blogger's OpenID support seems broken)

wizkid said...

Ron, thanks for checking in! I'm still following NYLUG list, if you're ever in the PHX area, let me know.

Dr Kevin Cooper said...

I would love to travel throughout all the states in the USA. Being an academic naturally I would love to visit Phoenix to see the university of Phoenix. I got into the habit of checking the physical locations of universities while in London oxford street, I had to check out one of the colleges but unfortunately it was sort of a degree mill.